Massachusetts Lottery

MALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Oct 24, 2026 is estimated to be $674 Million, with a cash option of 283.9 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Massachusetts, your state will take 5% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Massachusetts Powerball Jackpot/Cash Option for Sat Oct 24, 2026

Draw Date	Jackpot	Cash Option
Sat Oct 24, 2026	$674,000,000	$283,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$283,900,000
Federal Tax(24%)	$68,136,000
Additional Federal Tax	$36,867,330
State Tax(5%)	$14,195,000
Net Lumpsum Payment	$164,701,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$10,144,374	-$3,713,749 -$507,219	$5,923,406
2	$10,651,896	-$3,901,532 -$532,595	$6,217,769
3	$11,184,356	-$4,098,542 -$559,218	$6,526,596
4	$11,743,776	-$4,305,528 -$587,189	$6,851,059
5	$12,330,830	-$4,522,737 -$616,542	$7,191,551
6	$12,947,540	-$4,750,920 -$647,377	$7,549,243
7	$13,594,580	-$4,990,325 -$679,729	$7,924,526
8	$14,274,646	-$5,241,949 -$713,732	$8,318,965
9	$14,988,412	-$5,506,043 -$749,421	$8,732,948
10	$15,737,900	-$5,783,353 -$786,895	$9,167,652
11	$16,524,458	-$6,074,380 -$826,223	$9,623,855
12	$17,350,782	-$6,380,120 -$867,539	$10,103,123
13	$18,218,220	-$6,701,072 -$910,911	$10,606,237
14	$19,129,468	-$7,038,234 -$956,473	$11,134,761
15	$20,085,874	-$7,392,104 -$1,004,294	$11,689,476
16	$21,090,134	-$7,763,680 -$1,054,507	$12,271,947
17	$22,144,270	-$8,153,710 -$1,107,214	$12,883,346
18	$23,251,652	-$8,563,442 -$1,162,583	$13,525,627
19	$24,414,302	-$8,993,622 -$1,220,715	$14,199,965
20	$25,634,916	-$9,445,249 -$1,281,746	$14,907,921
21	$26,916,864	-$9,919,570 -$1,345,843	$15,651,451
22	$28,262,842	-$10,417,582 -$1,413,142	$16,432,118
23	$29,675,546	-$10,940,282 -$1,483,777	$17,251,487
24	$31,159,694	-$11,489,417 -$1,557,985	$18,112,292
25	$32,717,308	-$12,065,734 -$1,635,865	$19,015,709
26	$34,353,780	-$12,671,229 -$1,717,689	$19,964,862
27	$36,071,132	-$13,306,649 -$1,803,557	$20,960,926
28	$37,874,756	-$13,973,990 -$1,893,738	$22,007,028
29	$39,768,696	-$14,674,748 -$1,988,435	$23,105,513
30	$41,756,996	-$15,410,419 -$2,087,850	$24,258,727